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Asset Summary – Tuesday, 24 February US DOLLAR is experiencing upward pressure as it trades near 97.85, influenced by a mix of trade-related uncertainties and central bank commentary. While a recent Supreme Court ruling against the President’s tariffs initially created some headwinds, the Dollar is finding support as investors weigh the…
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Oil prices are trading near a six-month high, influenced by a mix of geopolitical tensions and trade risks. Investors are closely watching US-Iran talks and potential supply disruptions, which are supporting prices despite expectations of a surplus. Renewed trade tensions, signaled by new tariffs, are also factoring into market sentiment. WTI…
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Gold experienced a decline on Tuesday, giving up earlier gains as investors took profits amidst renewed trade uncertainty fueled by new tariffs imposed by President Trump and geopolitical risks surrounding US-Iran relations. The strengthening US dollar also contributed to the downward pressure on gold prices. Gold fell 1% to around $5,170…
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The Nikkei 225 Index experienced a notable rebound, recovering from previous losses despite global headwinds. The Japanese market shrugged off negative signals from Wall Street and geopolitical concerns to close higher, driven by strength in tech and AI-related sectors. However, defense stocks faced downward pressure due to new export controls imposed…
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The DAX 40 experienced a decline, trading below 24,000, continuing losses from the previous day. Market sentiment was negatively impacted by concerns regarding tariffs and anxieties surrounding artificial intelligence. Investors were also closely watching earnings reports and corporate news. Fresenius Medical Care plunged more than 7% after reporting its financials. MTU…
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The FTSE 100 experienced a decline of 0.3% due to renewed trade tensions stemming from a new global tariff regime. Financial and healthcare sectors faced downward pressure, particularly banks concerned about the potential impact of tariffs on economic activity. Commodity-linked stocks partially offset these losses due to higher crude prices and…
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US equity futures inched higher on Tuesday, recovering slightly from the previous session’s selling pressure. Markets are currently assessing the potential disruptions from AI advancements and anticipating upcoming economic events. Contracts tracking the three main averages were around 0.2% higher. The slight increase in futures contracts suggests a minor recovery for…
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The Australian Dollar is currently trading near three-year peaks, buoyed by expectations of continued hawkish monetary policy from the Reserve Bank of Australia (RBA). Upcoming inflation data is crucial as it is expected to influence the RBA’s future decisions regarding interest rate hikes. However, uncertainty surrounding potential US tariffs adds a…
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Market conditions suggest the Canadian dollar is facing headwinds, weakening against the US dollar amid a mix of domestic and international pressures. Trade tensions reintroduced by new US tariffs, coupled with cooling Canadian inflation and a resilient US dollar, are contributing to the currency’s struggles. Canadian dollar weakened towards 1.37 per…
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The Japanese Yen weakened against the US dollar, reversing earlier gains. The dollar found support despite ongoing trade uncertainties stemming from US tariff policies. Concerns about the Bank of Japan’s (BoJ) potential interest rate hikes and political factors in Japan also contributed to the Yen’s decline. The Japanese Yen weakened to…
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The British Pound faces headwinds, trading near one-month lows against the dollar. New US tariffs, although lower than initially threatened, add to concerns for UK businesses. Meanwhile, domestic data reveals a softening UK labor market, increasing speculation about a potential interest rate cut by the Bank of England. Sterling remained little…
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The euro is facing pressure as trade tensions escalate due to new US tariffs and uncertainty surrounding the EU-US trade deal. The currency hovers below the $1.18 level, with investors closely monitoring upcoming inflation data from major European economies and awaiting comments from Federal Reserve officials for further direction. US President…
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The US Dollar Index is showing strength, trading near 97.85. Investors appear to be looking past the US Supreme Court’s ruling against President Trump’s tariff policy. Trade uncertainty remains a key factor, with the threat of additional tariffs looming if countries don’t adhere to trade agreements. Federal Reserve officials’ comments are…
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Asset Summary – Monday, 23 February US DOLLAR is exhibiting mixed signals, leading to uncertainty in its near-term direction. The dollar is receiving support from pullbacks in other major currencies like the British pound and Canadian dollar, as well as anticipation of a smaller Fed balance sheet under incoming Fed Chair…
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WTI crude oil futures are trading near a six-month high, around $66.5 per barrel, as the market grapples with conflicting signals. Potential progress in US-Iran nuclear talks is weighed against the risk of renewed tariffs and ongoing concerns about supply disruptions in the Strait of Hormuz. WTI crude oil futures are…
